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Caterham Cars offers free 40-year anniversary package

Caterham Cars, the U.K.-based maker of lightweight track-day vehicles, will celebrate 40 years building the legendary Seven with a free option package for the open-wheel roadster. The package is available starting today, but only for the first 40 orders of the Seven or its variants. Rights to the Seven were acquired by Graham Nearn from Lotus legend Colin Chapman in 1973.

New Volvo Concept at Geneva Motor Show. But what is it?

The Volvo XC Coupe Concept (left) and Coupe Concept will be joined by a third concept at Geneva Now Volvo has its new Scalable Product Architecture (SPA), and its new Drive-E engine range, heading for production they’ve been planning three new concepts to show off the possibilities the new architecture and engines promise. The first of those was the very appealing Volvo Concept Coupe which debuted at the Frankfurt Motor Show last year as a 21st century take on the classic Volvo P1800. With stunning looks, a new nose evolved from the earlier Concept You, floating grill and slim headlights, the Concept Coupe also came with a 4WD drivetrain powered by a 2.0 litre petrol and an electric motor for an output of 395bhp.

EV car maker Aptera shuts down

Automotive startup company Aptera Motors, promoter of the weirdly styled, three-wheeled 2e electric car, shut down on Friday, saying it was out of money. The company said it was unable to raise funds from private investors that would have kept it going until it received a $150 million loan from the Department of Energy's Advance Technology Vehicle Manufacturing program. "This is a difficult time for everyone connected with our company because we have never been closer to realizing our vision," CEO Paul Wilbur said in a statement.